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RBI penalises UCO Bank, Axis Bank and Syndicate Bank

Mumbai : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in...

RBI expected to soften stance to ‘neutral’, without rate cut

Mumbai : The Reserve Bank of India is widely expected to keep its key lending rate for commercial banks unchanged at 6.5 per cent for the third...

Biggest bank fraud and RBI Governor’s resignation mark a dismal banking year (2018 In Retrospect)

By Biswajit Choudhury, New Delhi : The year leading up to the 2019 general elections was defined by a slowdown in investment, slackening growth, falling...

RBI’s outreach effort, lower inflation pushes up Sensex

Mumbai : Hopes of lower interest rates and more liquidity on the back of easing retail inflation and the Reserve Bank's outreach efforts and...

Differences either get settled or Governors make way: Jaitley

Mumbai : Admitting to differences with Urjit Patel, who quit as RBI Governor, Finance Minister Arun Jaitley on Thursday said the government is the...

Urjit Patel quits as RBI Governor, sets off a crisis

Mumbai : Reserve Bank of India (RBI) Governor Urjit Patel resigned on Monday with immediate effect, citing "personal reasons", setting of a major crisis...

Any attempt by govt. to capture RBI will be catastrophic

KOLKATA : Coming down heavily on the Narendra Modi government for making efforts to “capture” the RBI, Congress leader and former Union finance minister P...

India’s current economic scenario not like 1991 crisis: Bimal Jalan

By Biswajit Choudhury, New Delhi : The sharply depreciating rupee amidst rising global oil prices and the massive foreign funds outflow from the capital market...

Demonetization ‘butchered’ Indian economy: Shiv Sena

Mumbai : The Shiv Sena on Friday again attacked the BJP for demonetizing Rs 500 and Rs 1,000 bank notes in 2016, calling it...

Rs 10,700-cr demonetised notes did not return to banks

Mumbai : The amount of banned currency notes that did not return to the system post demonetisation stands at Rs 10,700 crore, or 0.7...

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